#📊 The U.S. Consumer Price Index (CPI) in April showed a moderate increase, with the core CPI at 2.3% year-on-year, a tenth lower than in March.
📈 Bitcoin reached $104,000 following the CPI data, reflecting confidence in the currency as a safe-haven asset.
💡 Moderate inflation could lead the Fed to lower rates, encouraging investment in "risk" assets like bitcoin. However, there is a 91% probability that rates will not change soon.
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What will happen now?
❤️ = BTC will break records
👀 = Fed will remain cautious
😭 = I don't know, I'm scared
📈 Willy Woo predicts that bitcoin's dominance will surpass 90%, relegating altcoins, whose value would reach $10.5 trillion compared to bitcoin's $100 trillion.
📊 Only 20% of the top 50 cryptocurrencies have outperformed bitcoin in 90 days, distancing a potential “altseason.”
🚀 Bitcoin surpasses $103,000, approaching the $108,000 projected by Woo. The coming days will be crucial to confirm whether the rally continues or if profit-taking halts it.
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Will bitcoin dominate everything?
❤️ = BTC will dominate soon
👏 = Altcoins will fight back
👀 = It's still uncertain
